Exodus Movement (NYSEAMERICAN:EXOD) Posts Earnings Results

Exodus Movement (NYSEAMERICAN:EXOD – Get Free Report) announced its quarterly earnings results on Monday. The company reported ($0.62) EPS for the quarter, FiscalAI reports. Exodus Movement had a negative return on equity of 11.78% and a negative net margin of 28.25%.The company had revenue of $26.23 million during the quarter.

Here are the key takeaways from Exodus Movement’s conference call:

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• Exodus is pivoting into payments through its Monavate and Baanx acquisition, aiming to diversify beyond crypto-dependent swap revenue with enterprise payments, stablecoin settlement, card issuing, and other financial infrastructure services.
• Monavate processed approximately $1.8 billion in gross transaction volume year to date, including about $900 million in Q2; normalized volume from its core client base rose 60% quarter over quarter, and the platform supports roughly 40 enterprise customers across more than 50 countries.
• Q2 revenue was $26.2 million and net loss was $18.6 million, while EBITDA loss reached $21.5 million, reflecting acquisition, integration, professional-services, and restructuring costs. The company said the quarter included about $17 million of transaction-related incentive costs and $5.8 million of professional-services expenses.
• Management expects the 25% workforce reduction to generate $10 million to $13 million in annualized operating-expense savings, with the full monthly run rate expected in Q4 2026 and the full cash benefit realized in 2027.
• Monavate’s European card issuance remains constrained following a regulatory setback, limiting new-program onboarding and delaying broader Exodus Pay adoption. Management expects to establish a new issuing arrangement in Q4, subject to Bank of Latvia approval for the TXIPay acquisition, a process that could take roughly 60 to 90 days after filing.

Exodus Movement Stock Performance

Shares of EXOD stock opened at $5.00 on Tuesday. Exodus Movement has a 52-week low of $4.57 and a 52-week high of $32.92. The firm has a market capitalization of $150.02 million, a PE ratio of -3.93 and a beta of 1.90. The stock has a fifty day simple moving average of $5.58 and a two-hundred day simple moving average of $7.79.

Hedge Funds Weigh In On Exodus Movement

Several large investors have recently made changes to their positions in the business. FTX Recovery Trust bought a new position in Exodus Movement in the 4th quarter worth approximately $26,969,000. Vident Advisory LLC lifted its holdings in shares of Exodus Movement by 10.8% in the fourth quarter. Vident Advisory LLC now owns 22,881 shares of the company’s stock worth $338,000 after buying an additional 2,229 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Exodus Movement by 42,971.4% during the fourth quarter. Royal Bank of Canada now owns 3,015 shares of the company’s stock worth $44,000 after acquiring an additional 3,008 shares during the last quarter. Vontobel Holding Ltd. boosted its position in shares of Exodus Movement by 9.3% during the fourth quarter. Vontobel Holding Ltd. now owns 15,266 shares of the company’s stock worth $226,000 after acquiring an additional 1,295 shares during the last quarter. Finally, Aristides Capital LLC purchased a new position in Exodus Movement during the fourth quarter valued at $164,000.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on EXOD shares. Northland Securities set a $10.00 target price on shares of Exodus Movement in a report on Wednesday, July 22nd. Cantor Fitzgerald reissued an “overweight” rating on shares of Exodus Movement in a report on Monday, June 15th. BTIG Research dropped their price target on Exodus Movement from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Benchmark dropped their price target on Exodus Movement from $21.00 to $12.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Finally, Zacks Research raised Exodus Movement from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $21.17.

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Exodus Movement Company Profile

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Exodus Movement, Inc is a software company focused on developing user-friendly tools for managing digital assets. Its flagship product, the Exodus Wallet, is a non-custodial cryptocurrency wallet available on desktop and mobile platforms. The wallet enables users to secure, send, receive and exchange a broad range of digital currencies while retaining full control of their private keys. With built-in portfolio tracking and an integrated exchange feature powered by third-party liquidity providers, Exodus offers a one-stop interface for both newcomers and experienced crypto enthusiasts.

Since its initial release in mid-2016, Exodus has expanded support to over 100 cryptocurrencies and tokens, including major assets such as Bitcoin, Ethereum and Litecoin as well as numerous ERC-20 tokens.

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